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Cadence Opportunities Fund Limited (ASX:CDO)

ALERT: Price-sensitive ASX Announcement for CDO
Current share price for CDO : $2.330 0.23 (10.95%)+
Announcement
Release
20 Feb 2026 1:08PM
Price at Release
$2.100
Full Release
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Summary
Cadence Opportunities Fund Limited reported a record half-year profit before tax of $9.1 million and a profit after tax of $6.4 million for the period ending 31 December 2025. The portfolio performed strongly, increasing by 36.1% and outperforming the All Ordinaries Accumulation Index by 31.7%. Notable contributors to this performance included gold-related equities like Robex Resources and Turaco Gold. The company announced a 7.5 cents fully franked interim dividend, equating to a 7.1% yield, with an ex-date of 15 April 2026. A dividend reinvestment plan (DRP) will be available, and an on-market buy-back is planned for shares issued in the DRP when trading at a discount to net tangible assets. The company has a strong reserve of profits to support future dividends for over three years.
Key Points
  • Record half-year profit before tax of $9.1 million.
  • Profit after tax amounted to $6.4 million.
  • Portfolio increased by 36.1%, outperforming the index by 31.7%.
  • Key performance contributors include Robex Resources and Turaco Gold.
  • Announced a 7.5 cents fully franked interim dividend.
  • Dividend yield is 7.1% fully franked, or 10.2% grossed up.
  • Ex-date for dividend is 15 April 2026.
  • Dividend reinvestment plan (DRP) will be active.
  • On-market buy-back planned for DRP shares trading at a discount.
  • 48 cents per share in profit reserves for future dividends.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.